Digital Realty Trust (NYSE: DLR) has recently received a number of price target changes and ratings updates:

  • 10/31/2017 – Digital Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Digital Realty outperformed the industry it belongs to, year to date. However, the stock has seen the Zacks Consensus Estimate for fourth-quarter 2017 FFO per share being revised downward in a week’s time. Notably, Digital Realty’s third-quarter 2017 core funds from operations (FFO) per share of $1.51 exceeded the Zacks Consensus Estimate of $1.49. Results were supported by growth in revenues. Recently, the company announced a 50/50 joint venture for offering data-center solutions in Japan. Also, in September, the company announced the completion of a merger with DuPont Fabros. The company is well poised for growth, backed by robust fundamentals of the data-center market. Accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. However, cut-throat competition in the industry and interest rate hike remains concerns.”
  • 10/30/2017 – Digital Realty Trust was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/30/2017 – Digital Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “Digital Realty’s third-quarter 2017 core funds from operations (FFO) per share of $1.51 exceeded the Zacks Consensus Estimate of $1.49. Results were supported by growth in revenues. Further, the company raised its 2017 core FFO per share outlook. Recently, the company announced a 50/50 joint venture for offering data-center solutions in Japan. Also, in September, the company announced the completion of a merger with DuPont Fabros. The company is well poised for growth, backed by robust fundamentals of the data-center market. Accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. Moreover, shares of Digital Realty outperformed the industry it belongs to, year to date. Also, the stock has seen the Zacks Consensus Estimate for current-year FFO per share being revised upward in a week’s time. However, cut-throat competition in the industry and interest rate hike remains concerns.”
  • 10/29/2017 – Digital Realty Trust was given a new $130.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/26/2017 – Digital Realty Trust had its price target raised by analysts at Deutsche Bank AG from $111.00 to $130.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – Digital Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Digital Realty outperformed the industry it belongs to, year to date. However, the stock has seen the Zacks Consensus Estimate for third-quarter and current-year funds from operations (FFO) per share being revised downward in a month’s time. Recently, the company disclosed a 50/50 joint venture for offering data center solutions in Japan. Also, in September, the company announced the completion of a merger with DuPont Fabros. This buyout helped the company reinforce its hyper-scale product offering and widen its blue-chip customer base. The company is well poised for growth, backed by robust fundamentals of the data center market. Accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. However, exposure of its earnings to foreign currency translation and cut-throat competition in the industry remain concerns.”
  • 10/24/2017 – Digital Realty Trust had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $120.00 price target on the stock.
  • 10/18/2017 – Digital Realty Trust was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/12/2017 – Digital Realty Trust had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $140.00 price target on the stock.
  • 10/11/2017 – Digital Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $133.00 price target on the stock. According to Zacks, “Shares of Digital Realty outperformed the industry it belongs to, year to date. Recently, Digital Realty announced the development of a six-megawatt facility at 3205 Alfred Street in Santa Clara, CA. The move will help the company expand its Silicon Valley Connected Campus. Also, in September, the company announced the completion of a merger with DuPont Fabros. This buyout helped the company reinforce its hyper-scale product offering and widen its blue-chip customer base. The company is well poised for growth, backed by robust fundamentals of the data center market. Accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. However, exposure of its earnings to foreign currency translation and cut-throat competition in the industry remain concerns.”
  • 10/10/2017 – Digital Realty Trust had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $121.00 price target on the stock, up previously from $119.00.
  • 10/4/2017 – Digital Realty Trust had its price target raised by analysts at Royal Bank Of Canada from $127.00 to $133.00. They now have an “outperform” rating on the stock.
  • 9/26/2017 – Digital Realty Trust had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $127.00 price target on the stock.
  • 9/26/2017 – Digital Realty Trust had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $130.00 price target on the stock.
  • 9/22/2017 – Digital Realty Trust is now covered by analysts at William Blair. They set a “market perform” rating on the stock.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) opened at $120.15 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $19,901.35, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.61 and a beta of -0.09. Digital Realty Trust, Inc. has a twelve month low of $86.19 and a twelve month high of $127.23.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. equities analysts forecast that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.10%. Digital Realty Trust’s dividend payout ratio is currently 300.00%.

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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